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FincoEnergies to expand GoodFuels, GoodShipping and GoodZero brands into Americas

US team will be headed by Kimberly Westmoreland, FincoEnergies’ newly appointed Managing Director for the Americas region, who brings 15 years of experience in marine operations and fuel procurement.

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Independent provider of energy and decarbonisation solutions for the heavy transport FincoEnergies on Wednesday (18 October) has announced the expansion of its GoodFuels, GoodShipping and GoodZero brands into the Americas, with the appointment of Kimberly Westmoreland as Managing Director for the region.

FincoEnergies’ new US-based team will provide real-time support for and access to commercially-proven sustainable biofuels, carbon insetting and carbon offsetting offerings across the Americas, responding to the fast-growing demand for immediate decarbonisation solutions in the region.

FincoEnergies’ experience in the sustainable biofuel market is unparalleled. Since 2015, its GoodFuels brand has delivered advanced fuels that “drop in” to conventional tanks and reduce carbon emissions by up to 90% without requiring any alterations to the fuel infrastructure or marine engines.

The US team will be headed by Kimberly Westmoreland, FincoEnergies’ newly appointed Managing Director for the Americas region, who brings over 15 years of experience in marine operations and fuel procurement, including previous roles at Parkland USA and Royal Caribbean Cruises. 

The launch of FincoEnergies Americas is the latest step in the company’s global expansion, demonstrating its continued commitment to develop and deliver sustainable solutions that drive decarbonization in the heavy transport sector. It is FincoEnergies’ second base outside of Europe, after the launch of a Singapore office in early 2022.

Kimon Palinginis, Managing Director Business Innovation of FincoEnergies, said: “Following our remarkable success in Europe as the industry leader in sustainable marine biofuels and scope 3 insetting services, and our entry into the Asian market, we are now poised to channel our efforts toward serving the rapidly emerging Americas market. We are committed to delivering the same high-quality sustainable solutions that our global clients have come to expect from us in Europe and Asia.”

Kimberly Westmoreland, Managing Director of FincoEnergies for the Americas region, said: “I am genuinely inspired by the innovative mindset of FincoEnergies and the clear business achievements of GoodFuels and GoodShipping. I am proud to be at the forefront of the energy transition at FincoEnergies Americas, delivering solutions such as sustainable biofuels, carbon insetting and carbon offsetting that can make a tangible difference today on the environmental footprint of the maritime industry. I eagerly look forward to engaging with our valued customers and partners to deliver our vision of working together for a better world.”

Photo credit: FincoEnergies
Published: 19 October, 2023

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Biofuel

GREENMARINE and Vertoro to accelerate adoption of lignin-alcohol as marine fuel

Like fossil oil, liquid lignin can be used as a platform for fuel, chemical and material applications.

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Methanol marine fuels consultancy GREENMARINE and Vertoro, a Maersk-backed Dutch start-up focused on developing liquid lignin technology which can be used as a bunker fuel, has signed an agreement to jointly accelerate the market validation and commercial roll-out of lignin-alcohol as sustainable marine fuels.

“We at GREENMARINE Group are excited to join forces with Vertoro to bring their revolutionary lignin alcohol blend fuel to market,” said Fredrik Stubner, founder and CEO of GREENMARINE Group.

“This breakthrough technology redefines sustainable maritime fuels, delivering environmental benefits and cost efficiencies, paving the way for a greener, more competitive shipping industry.”

Dr. Michael Boot Boot, co-founder & co-CEO Vertoro, replied, “GREENMARINE Group has an excellent track record as a match maker for green fuel producers with engine manufacturers and shipping companies, opening many doors for us on both the fuel validation and offtake side.”

Vertoro, founded in 2017, produces liquid lignin exclusively from sustainably sourced forestry and agricultural residues by means of a patented thermochemical process. Like fossil oil, liquid lignin can be used as a platform for fuel, chemical and material applications.

Related: Maersk invests in Dutch start-up Vertoro to develop green lignin marine fuels

 

Photo credit: CHUTTERSNAP from Unsplash
Published: 11 July 2025

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UK: Greenergy proposes to end biodiesel production at its Immingham plant

Despite significant cost reductions to improve the plant’s viability, the Immingham plant has continued to be negatively impacted by market factors.

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Europe’s largest manufacturer of waste-based biodiesel Greenergy on Thrusday (10 July) confirmed it will begin consultation on a proposal to cease production at its biodiesel plant in Immingham, Lincolnshire.

Despite significant cost reductions to improve the plant’s viability, the Immingham plant has continued to be negatively impacted by market factors, including slower increases in the UKs biofuels blending mandates compared to European countries and competition from subsidised US-origin products.

Greenergy’s announcement follows the strategic review of its biodiesel operations at Immingham, announced in late May 2025. Consultation with affected employees will begin as soon as possible. Greenergy is committed to supporting staff through this period.

“It has been an incredibly difficult decision to enter consultation on the proposed closure of our Immingham site, and a decision we have not taken lightly,” said Greenergy CEO Adam Trager.

“However, in light of continuing market pressures, we unfortunately do not have enough certainty on the outlook for UK biofuels policy to make the substantial investments required to create a competitive operation at Immingham.

“We are seeking urgent talks with ministers about increasing the amount of biofuels used in the UKs petrol and diesel, a move which will help protect the biofuels sector, as well as cutting the UK’s emissions, particularly from HGVs.

“Today’s decision does not reflect the dedication and hard work of affected staff and I would like to thank our employees at Immingham for their tremendous efforts to date. Our priority is supporting our employees through this difficult period.”

Related: Bunker One takes over Greenergy’s Thames client base
Related: Propeller Fuels to sell Greenergy bunker fuels in UK
Related: UK-based Greenergy time-charters two bunkering vessels for marine fuel deliveries
Related: Greenergy adds 0.5%S bunkers to UK marine fuel supply operations
Related: Greenergy extends its marine fuel supply network to include Tyne, UK
Related: UK: Greenergy commences supply of MGO from Thurrock port
Related: UK: Greenergy expands oil business into the marine fuels sector

 

Photo credit: Greenergy
Published: 11 July 2025

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Biofuel

Singapore: Sea Oil Petroleum receives ISCC EU certification, mulls increasing product portfolio

‘Sea Oil seeks to do its part for climate change by giving options to support to our end users,’ says Steve Goh, Head of Trading.

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Singapore-based bunker trading firm Sea Oil Petroleum Pte Ltd (Sea Oil), a wholly owned subsidiary of Thailand-listed Sea Oil Public Company Limited, has received International Sustainability and Carbon Certification (ISCC) EU certification, learned Manifold Times.

ISCC EU is a certification scheme that verifies compliance with the sustainability criteria for biofuels and bioliquids within the European Union. It ensures that biomass and biofuels used in the EU meet specific environmental and social requirements, including greenhouse gas emission reductions and traceability throughout the supply chain.

The milestone, which took place on 22 May after two months of processing, was reflective of the company’s aim to expand its bunker fuel product offerings to clients seeking sustainable solutions, Steve Goh, Head of Trading at Sea Oil, told the bunkering publication.

“It is important for the bunkering sector to remain relevant, adapt, and play an active role in supporting shipping’s decarbonisation journey,” said Mr Goh while adding that, “this is in line with our group’s green initiative and sustainability drive.”

“As such, Sea Oil seeks to do its part for climate change by giving options to support to our end users.

“By achieving ISCC EU certification, Sea Oil will be in a better position to provide green marine fuel solutions to customers embarking on this journey towards net zero.”

Manifold Times in May reported Sea Oil welcoming a Senior Bunker Trader to its team.

The company started 2025 with an expanded team on both international and local fronts.

Sea Oil Petroleum may be reached at: [email protected]

Related: Singapore: Sea Oil Petroleum boosts Asia and international presence with new Senior Bunker Trader
Related: Singapore: Sea Oil Petroleum enters 2025 with international representatives, expanded team

 

Photo credit: Sea Oil Petroleum
Published: 10 July 2025

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